The average energy consumption inVietnam grew
13 percent from 2006-2010, and by about 11 percent from 2011-2015, said Le Tuan
Phong, deputy head of the General Directorate of Energy. The country is on the
path towards powering itself by 2030, Phong said.

The country’s power
production is expected to grow at an annual rate of 14 percent between 2015 and
2030.

Fossil fuels still
dominate Vietnamese energy consumption. According to the World Bank, over 66.2
percent of the country’s energy comes from fossil fuels.

Vietnam’s annual coal
output is currently about 40 million tons, official statistics show.

Coal has taken over from
hydro power as the leading source of electricity in Vietnam, which has recently
become a net coal importer.

In response to fast
growing demand for power, Vietnam is building more coal-fired thermal plants
and buying electricity from neighboring China as part of measures to avoid
outages.

Vietnam, however, is
faced with a two-fold energy challenge. The country has to generate enough
energy for economic growth and for millions of people who still lack access to
energy services, while gradually shifting towards clean, low-carbon energy,
said Tran Dinh Thien, head of the Vietnam Economic Institute.

“Vietnam’s economic
growth still relies heavily on the exploitation of natural resources and
relatively low-tech production. Industries such as cement and steel use a
colossal amount of energy,” said Thien, adding that only 2 percent of local
businesses are high-tech driven.

The Vietnamese government
should change the country's economic structure and prioritize energy-saving
industries, Thien suggested.

Along with the need to
decrease the reliance on fossil fuels, the country needs to build an energy
sector more focused on renewable energy, particularly solar energy.

To put Vietnam on a path
to a clean energy economy, the government plans to cut coal consumption by 30
percent by 2030.

The government has also
opened up its renewable energy sector to foreign
investors, allowing them to invest in power generation. Official
statistics show that in 2013, foreign investments in energy through the Build –
Operate – Transfer model accounted for 6 percent of total installed capacity.

The country is also
restructuring its power sector by breaking up its retail power monopoly EVN to
develop a competitive retail power market by 2030.

Vietnam is aiming to
generate enough energy to power almost every home by 2020 and increase
residential solarpower usage to 50
percent of households nationwide by 2050.

Last March, Vietnam
upped its planned share of renewable energy for 2030 to 10 percent, from the
initial 4.5 percent. However, in the next 15 years, Vietnam also plans to
increase its reliance on coal fired power, the most carbon intensive
electricity source.

*Vietnam relies mostly
on hydropower to produce electricity. Therefore, renewable energy in this
article refers only to solar power, wind power and
biomass energy.

As part of the Power
Development Master Plan VII released in July 2011, the country will give
priority to developing renewable energy sources. The rate of renewable power is
planned to account for 4.5 percent by 2020 and six percent in 2030. However,
the revised Power Development Master Plan VII released in March 2016 has
adjusted those rates up.

Wind power, solar energy
and biomass power contribute insignificantly to total electricity produced.

On the other hand, by
2030, the government plans to rely on coal-based plants to produce electricity,
making coal fired power the dominant power source. The rate of renewable energy will
only account for 10.7 percent of the country's power supplies.

Details in the Power
Development Master Plan VII show that as of 2030, there will be 83 coal-based
plants, but only 10 renewable plants. According to the Guardian, World Bank
President Jim Yong Kim has warned that plans to build more coal-fired power
plants in Asia would be a “disaster for the planet”. “If Vietnam goes forward
with 40GW of coal, if the entire region implements the coal-based plans right
now, I think we are finished,” he added.

A man welds a steel bed
at a furniture factory outside Hanoi. Photo by Reuters/Kham

The new 110,000
businesses could create nearly 1.3 million jobs.

Vietnam saw a record
number of business openings in 2016,
shedding hopes for robust growth and strong investment in the near future.

A new report from the
Ministry of Investment and Planning said the past year saw 110,000 new
businesses open, up 16.2 percent from 2015. Registered capital increased 48
percent to more than VND891 trillion ($39 billion).

These new companies are
expected to create nearly 1.3 million jobs, independent of the nearly 26,700
firms who suspended operations during tough times only to resume operations in
the past 12 months.

Vice Minister Dang Duy
Dong described the numbers as “lively.”

“With such energy and investmentopportunities,
the market will surely be more competitive and the economy will leap strongly,”
the government report quoted Dong as saying.

Public investment in
Vietnam is not just limited to the transportation infrastructure,
electricity, renewable energy,
water, health and environment, but also in areas such as education, training,
vocational training, culture, sports, commercial infrastructure complex,
science and technology, economic zones, industrial zones…

Vietnam is in the
development stage that needs significant investment in infrastructure.
However, the state budget is limited, and donor funds have been reduced and
limited. Therefore, the investment pattern in the form of public-private partnership
(also known as PPP) is an effective solution to this problem. PPP has been
expected to mobilize resources for investment in infrastructure from the
private sector, from both domestic and foreign investment.

Investments in the form
of public-private partnership investment is made on the basis of contracts
between competent state agencies and investors or project company for
the implementation, management and operation of the project in infrastructure,
or providing public services. Accordingly, investors, project company shall be
authorized to implement investment projects on construction or renovation,
upgrading, expansion, management and operation of infrastructure projects or
providing public services.

The investment contracts
in the form of public-private partnership are defined in Vietnam as
following.

BOT Contract

“Build – Operate –
Transfer contract” (referred to as BOT contract) means a type of contract to
build an infrastructure project between a competent state agency and an
investor; after completing the construction, the investor shall be entitled to
operate it for a specified period of time; eventually, the investor shall
transfer it to the Vietnam competent state agency.

BTO Contract

“Build – Transfer –
Operate contract” (referred to as BTO contract) means a type of contract to
build an infrastructure project between a competent state agency and an
investor; after completing the construction, the investor shall transfer it to
the competent agency, and shall be entitled to operate it for an agreed period
of time.

BT Contract

“Build – Transfer
contract” (referred to as BT contract) means a type of contract to build an
infrastructure project between a regulatory agency and an investor; after
completing the construction, the investor shall transfer it to the competent
agency, and then the investor will be allotted a land parcel used for carrying
out another project.

BOO Contract

“Build – Own – Operate
contract” (referred to as BOO contract) is a type of contract to build an
infrastructure project between a competent agency and an investor; after
completing the construction, the investor shall take ownership of this project
and have the right to operate it for a specified period of time.

BTL Contract

The Build – Transfer –
Lease contract (referred to as BTL contract) means a type of contract to build
an infrastructure project between a competent agency and an investor; after
completing the construction, the investor shall transfer it to the regulatory agency
and shall be entitled to provide services on the basis of operation of such
project for a specified period of time; the competent agency shall lease and
make payment for the investor’s services.

BLT Contract

“Build – Lease –
Transfer contract” (referred to as BLT contract) means a type of contract to
build an infrastructure project between a competent agency and an investor;
after completing the construction, the investor shall have the right to provide
services on the basis of operation of such projector a specified period of
time; the competent agency shall lease and make payment for the investor’s
services according to the regulation; when the lease term expires, such project
shall be transferred to the competent agency.

O&M Contract

“Operation & Management
contract” (hereinafter referred to as O&M contract) means a type of
contract to operate the project between a competent agency and an investor for
a specified period of time.

ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist
market entrance, and ensure efficient business start-up operation. Our
services are as following:

We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.

We could be reached at
email: ant@antconsult.vn or
tel: +848 3520 2779 . To learn more about us, please visit
www.antconsult.vn

Vietnam received an
estimated $18.1 billion in new FDI pledges from January to November this year.

Ho Chi Minh City and
Hanoi have been ranked 10th and 17th respectively out of the top 25 emerging
market cities on the fDi 2016/17 Global Cities of the Future listing,
a global investment service provided by the Financial Times.

Chinese cities dominated
the ranking with Shanghai and Beijing claiming the top two places.

Thailand’s Bangkok was
the other Southeast Asian city named on the list, placed above Ho Chi Minh City and
Hanoi in 9th.

In the top 25 overall
ranking, which included emerging and developed countries, Singapore kept its
position at the top of the table as the Global City of the Future 2016/17, with
London holding strong in second place and Dublin displacing Hong Kong to rank
third.

The ASEAN
Investment Report 2016 showed that Cambodia, Laos, Myanmar and Vietnam (CLMV)
recorded a combined 38 percent jump in FDI inflows to $17.4 billion last year
from the year before. Their share as recipients of the investment flowing into
the region rose from 10 percent in 2014 to 14 percent in 2015.

Vietnam has become an
ideal destination for foreign investors from many countries to come and invest
in Vietnam. Generally in the first 11 months of 2016, total newly registered
and additional capital reach 18.103 billion USD, equivalent to 89.5% compared
with the same period in 2015.

Operational status:

Implemented capital:

As of November 20th 2016,
it is estimated that the foreign direct investment (FDI) projects have
disbursed 14.3 billion USD, increased by 8.3% over the same period in 2015.

Exports and imports:

Exports of the foreign
investment sector (including crude oil) in the first 11 months of 2016 reached
114.076 billion USD, increased by 8.6% over the same period in 2015 and
accounted for 71.5% of export turnover in 2015. Exports excluding crude oil in
the first 11 months of 2016 reached 111.979 billion USD, increasing by 10.3%
over the same period in 2015 and accounted for 70.2% of export turnover.

Imports of the foreign
investment sector in the first 11 months of 2016 reached 92.831 billion USD,
increased by 3.6% over the same period in 2015 and accounted for 59.2% of
import turnover. Generally in the first 11 months of 2016, foreign investment
sector has export surplus 21.245 billion USD including crude oil and 19.148
billion USD excluding crude oil.

The investment
certificate granting status:

According to the data
from the information system on foreign investments, as of November 20th 2016,
there were 2,240 new projects were granted the investment certificates with
total registered capital of 13.028 billion USD, equal 96.1% over the same
period in 2015. Till November 20th 2016, there were 1,075
projects register to adjust the capital with the total registered additional
capital of 5.075 billion USD, increased by 76.1% over the same period in 2015.

Generally in the first
11 months of 2016, the total newly registered and additional capital reached
18.103 billion USD, equal 89.5% over the same period in 2015.

According to the
investment areas:

In the first 11 months of
2016, foreign investors have invested in 19 areas, in which the processing and
manufacturing industries are areas attracting more attention of foreign
investors with 907 newly registered investment projects and 766 adjusting
capital projects, the total newly registered and additional capital reached
13.41 billion US dollars, accounting for 74.1% of total registered capital in
11 months.

The
real estate sector ranks 2nd with
49 newly licensed projects, with the total newly registered and additional
capital reached 740.93 million USD, accounting for 4.1% of total registered
capital. The professional activities, scientific and technological sectors
ranks 3rd with 684.84 million USD, accounting for 3.8% of
total investment capital.

According to the
investment partners:

In the first 11 months
of 2016, there are 68 countries and territories having investment projects in
Vietnam. Korea leds with total newly registered and additional capital of 5.29
billion USD, accounting for 29.2% of total investment capital in Vietnam;
Singapore ranked 2nd with total newly registered and additional
capital of 2.05 billion USD, accounting for 11.3% of total registered capital;
Japan ranked 3rdwith total newly registered and additional capital
of 1.95 billion USD, accounting for 10.8% of total investment capital.

According to the
investment location:

In the first 11 months
of 2016, foreign investors have invested in 54 provinces and cities. In which
Hai Phong attracted the largest foreign investment with 45 newly licensed
projects and 35 projects register to adjust capital. The total newly registered
and additional capital reached 2.74 billion USD, accounting for 15.2% of total
investment capital.

We strive to save your
cost by guiding you towards economical solutions that comply with local legislation
and procedures. We support you through early logistic solutions and carry you
through as your business
grows. We aim to bridge
the gap between international best practices and local cultures and assist
foreign companies and organizations entering Vietnam market to overcome
commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn

Danang is considered an
ideal destination for investment. The result shall be incredible where we
evaluate on the following aspects:

Danang – one of the
strategic economic centers of Vietnam’s central region

In March 13th,
2004, the prime minister signed a decision to establish central region’s
strategic economic center, including 05 provinces and cities: Thua Thien Hue,
Danang, Quang Nam, Quang Ngai and Binh Dinh to promote potential, geographical
location and competitive advantages and step by step develop this economic
region to become one of the most dynamic economic region in the country. In
particular, Danang is defined as the role of nuclear motivation for promoting
the development of the central region and the highlands.

Danang – eastern gateway
of east – west economic corridor (EWEC)

EWEC is one of five
economic corridor developed by the initiative of the Asia development bank in
the greater Mekong sub – region.

Currently, the road
system in Laos, Thailand and the road line from Danang to Savannakhet are
completed. The second international bridge spanning the Mekong river was
completed in the end of 2006 to facilitate the circulation of goods and
passengers by road line from Danang to the northeastern provinces of Thailand
and vice versa. East-west economic corridor not only provide an opportunity for
the country on the path of promoting regional cooperation and improve living
standards for the people but also enable businesses better access to the raw
materials market services, capital,
labor and technology with the purpose of creating favorable conditions for
investment and trade across the border and diversifying economic activity and
exports and promoting tourism development

Danang – entrance of the
cultural heritage and natural wonders of the world

Danang is located in the
heart of the “world heritage road”, stretching from the central coast of Vinh
city to Da Lat city. From Danang, along the national highway 1A, visitors can
access quickly and conveniently four of five world heritages in Vietnam,
including Phong Nha – Ke Bang national park (about 300 km from the north of
Danang), the ancient capital of Hue (about 100km from the north), Hoi An (about
30km from the southeast) and My Son (about 70 km from the southwest).

With the advantage of
geographical location and potential economic development in tourism, Danang is
an ideal destination for tourists as well as investors.

Infrastructure is step
by step improved

Danang is an important
traffic hub of the central – highlands and country with system of
international airports, deep sea ports, roads, north-south railways
developed conveniently.

Danang port is the third largest commercial ports in Vietnam
after Saigon port and the port of Haiphong. With a depth of 11m wharf,
warehouse systems and equipment upgraded by capital funds of the government of
Japan, Danang port can receive ships with a capacity of 45,000 dwt and others
such as container ships, passenger ships, cargo ships. Danang is the
international shipping route anabling to go to Hong Kong, Singapore, Japan,
Taiwan and Korea.

Danang international
airport is one of the three best
airports in Vietnam. In addition to domestic flights, there are weekly
international flights directly from Danang to Singapore, Bangkok, Taipei. In
the near future, the airport will open more routes to Hong Kong, Japan and
Korea. Danang international airport is currently being upgraded and expanded to
meet the needs of increasing passengers and cargos.

The system of roads in
and out of the city are constantly being expanded and newly constructed

Telecommunication
systems: Danang is one of
three major telecomunication centers of the country, international transmission
speed with good quality of Southeast Asia. Danang post provides various
and modern telecommunication services and be capable meeting the needs of
customers.

The other services
supporting investment (financial, banking, insurance …): most banks and finance companies of Vietnam
have large branches in Danang. Some branches of foreign banks and international
insurance companies are operating effectively in the city. These services
have increasingly been improved better to meet the needs of investors.

Trained and abundant
human resources

Danang has abundant
human resources (over 50% of the population of the city), mostly young labor.
Number of employees with technical expertise trained account nearly a quarter
of the labor force. Labor costs in Danang are lower than some other cities in
the country.

Danang is one of the
provinces in the country with the high educational development index which
create a favorable platform for the development of human resources of the city
to perform the goal of improving the quality of human resources, quality of
life. The city has about 14 universities, 15 colleges and professional schools
with nearly 140,000 students. This system performs training in most areas of
science, engineering, information technology, economics, business
administration, language and pedagogy… Danang university also cooperates with
universities of countries with an advanced education such as France, US, Japan,
Australia, Canada, New Zealand …

Software technology
center in Danang is one of the leading software producers in Vietnam and is the
leading training center of the central region. Over the years, the software
technology center has cooperated closely with companies of India (aptech)
and Japan (aots) to train programmers, technicians and engineers reaching the
international standard.

In addition, the city
also has about 55 vocational training centers which often provide short-term
training courses in computer science, sewing, mechanics, electricity –
electronics, construction techniques, etc …

Quality of life

Along with the process
of urbanization, economic growth in recent years has helped to material life
and spirit of the people of Danang continuously improved.

Unlike other large
cities in Vietnam, next to the bustle of urban development, living in Danang always
bring a sense of peace, comfort and closeness to nature. Danang is one of the
very few cities in Vietnam having a harmonious combination between high
mountains, deep forests, long beach, deep river. After work, you can easily
find space to relax beside the river or on beautiful beaches.

Danang today is a city
with a healthy cultural environment, with urban civilized lifestyle, literacy
levels elevated, beautiful natural scenery. It can be said that Danang is an
exciting place to live, work, travel and invest in Vietnam.

ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:

We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn

Realizing
that Vietnam is a promising market, foreign enterprises want to do business in
Vietnam through the form of franchising. Recently, many
consumer goods, fashion and cosmetics brands from Japan and Thailand are
promoting the franchise with Vietnamese partners and enterprises.

In the framework of the
program “Vietnam – Thailand Enterprises Interaction in The Field of
Franchising” which was held in Ho Chi Minh City (HCMC) recently, there were 40
Thailand enterprises operating in the food, beverage, restaurant, supermarket,
health care, cosmetic sectors joined to find partners in Vietnam.

According Mr Nupartpat
Sutthitham, Director of the MP Mart convenience store chain (Thailand),
currently in Thailand there are 3 MP Mart stores, in which the model is not the
same as Family Mart or Circle K. While Family Mart sells mainly food (80%), MP
Mart sells mainly fast moving
consumer goods, which are produced in Thailand (70%).

According to
representatives of MP Mart, the cost to open a store in Thailand with an
average area of 150 m2 is approximately 50,000 USD. Realizing the Vietnam market has
many opportunities, MP Mart wants to explore and this is the first time this
brand comes to Vietnam. The criteria for selection of investors, partners of MP
Mart are having financial resources to be able to scaling this model in large
numbers in Vietnam.

Meanwhile, according to
representatives of Kokekokko – a well-known chicken fast food brand in Thailand
with 5 stores, using Japanese spices to marinate chicken. Representatives of
this brand also did not hide their intention to find partners with business
understanding and financial resources to open stores in Vietnam.

Also in late November of
2016, there were 9 Japan enterprises with 14 fashion brands came to Vietnam to
find partners to open franchise stores or distribute products in the domestic
market.

According to Mr Akira
Kaise, representatives of I Am Company Limited, this fashion brand has been
presented in many markets around the world such as Hong Kong, Shanghai, Korea,
Taiwan, Spain, UK, Netherlands… and this is the first time he comes to Vietnam
to study the market.

Representative of I Am
Co., Ltd commented that young population, good economic development, increasing
people’s incomes… are factors to make Vietnam becoming a potential market for
fashion items. In addition to the market penetration, the Company is also
interested in outsourcing or investing in Vietnam to take advantage of low
labor costs and highly skilled labors.

At the Vietnam market,
Japanese businesses are often mentioned in the culinary field, meanwhile, the
fashion, cosmetics or beauty brands are not widely known by consumers. Thus,
recently, many Japanese cosmetic brands have decided to enter the market of
Vietnam and looking for official distributors.

In an activity operated
by the Esuhai Company of Vietnam recently in HCMC, there were nearly 10
cosmetic brands of Japan participated. Among them, the brand Kose is well known
by many consumers.

According to the
representative of Kose, this enterprise has been established since 1946, global
sales reached 2.1 billion USD a year and has been presented in 18 countries.
However, so far, this brand does not have official distribution channel in
Vietnam market. Therefore, along with the promotion of market presence and
product introduction, on this occasion, Kose desires to find agents and
official partner in Vietnam.

Meanwhile, according to
representatives of Nippon Menard Cosmetic Company, owner of the brand Menard,
the Company is fully confident to introduce their products to consumers in
Vietnam and wanted to find good partners to be able to access to more
consumers.

According to the
representatives of the Japan External Trade Organization (JETRO) in HCMC,
Vietnam currently has more than 93 million populations, of which half are women
who want to become more beautiful as earnings are improving and willing to
spend the budget for beauty and body care. Therefore, this is a favorable time
and good opportunity for the Japanese cosmetics brand to penetrate the market
of Vietnam.

However, there is the
fact that the Japanese cosmetic and fashion products are priced relatively high
compared to the average income of local consumers. In addition, the Japanese
fashion is not common in Vietnam market. Therefore, this is seen as the first
step for the fashion and cosmetic brands of Japan to explore the market and
find partners.

ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:

We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.

We could be reached at
email: ant@antconsult.vn or
tel: +848 3520 2779 . To learn more about us, please visit
www.antconsult.vn

The company wants to tap
the market with huge power demand for economic growth.

The multinational
conglomerate General Electric is teaming up with a partner to construct
large-scale wind power plants in Vietnam with
a total investment of $1.5 billion.

The company recently
signed a partnership deal with the Ireland-based Mainstream Renewable Power
Ltd. to develop 1,000 megawatts of wind power capacity for the national grid,
according to the Wall Street Journal.

GE will be responsible
for partially providing technology for the projects, considered part of its
efforts to push further into fast-growing markets. Construction is expected to
begin in 2018.

“Vietnam is going to be
a huge importer of energy as the economy grows. There is huge demand for power
and they can balance the equation with renewable energy,”
Mainstream Renewable CEO Andy Kinsella was quoted as saying.

Vietnam's fast-growing
economy is in need of more electricity.

Founded in 2008, the
Dublin-based Mainstream Renewable Power Ltd. is a major independent power
supplier to developing economies like South Africa and Chile.

Various media reports
suggest that investors in general are reluctant to develop wind power projects
because prices in Vietnam are not high enough to cover the investment.

In Vietnam, state-owned
Electricity of Vietnam, which controls the national grid, reportedly pays 7.8
cents or VND1,731 per kilowatt-hour for wind power, much lower than the rates in
China, Japan and the Philippines.

The Vietnamese
government has set a target of increasing its power output from about 200
billion kWh in 2015 up to over 330 billion kWh by 2020.

Last month, German firm
Terra Wood proposed a solar energy project worth
$400 million in the central province of Quang Ngai.

Two months ago,
Singapore's The Blue Circle was licensed to build a $60 million wind power
project in Ninh Thuan, also in the central region.

German green energy firm
Terra Wood has revealed plans to invest $400 million in a wind and solar
electricity project in Vietnam, contributing to an active week of renewable energy deals
made by foreign investors.

The energy company has
submitted an investment plan to build the project in Vietnam’s south central
province of Quang Ngai, and on-site inspections started on August 3, according
to the local People's Committee website.

Terra Wood's is the
third renewable energy deal proposed to Vietnam in a week following a
hydropower project run by the World Bank’s International Finance Corporation
and Armstrong S.E. Clean Energy Fund and The Blue Circle’s wind energy project in
Ninh Thuan Province.

Chairman of Quang Ngai
People's Committee Tran Ngoc Cang welcomed the project and said the province
will help facilitate the German investor's project. Cang also gave permission
for Terra Wood to conduct research and surveys for the wind and solar
electricity plants in Quang Ngai.The German-owned energy company will develop
two electricity power plants, one wind and one solar, which will cover a total
of 600 hectares with an output of 300 megawatts and total investment of $400
million.

Quang Ngai has immense
potential for the development of wind and solar electricity, especially in the
districts of Mo Duc and Duc Pho and the famous Ly Son Island. A number of
foreign investors are also looking at electricity and renewable energy
exploitation in Quang Ngai.

Beside Quang Ngai,
foreign-invested solar and wind energy projects have
been registered across the country, but only a few have been put into operation
due to low electricity prices.

Terra Wood is an
international group of consultancy, engineering and project development
companies dedicated to green energy projects. Within the network, Terra Wood
Vietnam is the country representative of Germany's ProfEC GmbH, which
specializes in turnkey wind, biomass, biogas, wind, solar and Clean Development
Mechanism (CDM) projects.